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The supply managers' index in the services sector of the UK in August rose to 54.3 points from 53.5 points in the previous month, the results of the IHS Markit survey showed. The sector expanded at a faster pace against the backdrop of new orders that are much stronger now. The indicator in August reached its second highest level since February. Experts had expected the index to rise to 53.9 points. At the same time, the optimism in the services sector relative to the business prospects for the next 12 months dropped to a five-month low. Director of the CIPS Group, Duncan Brock, said: “Thus, despite the fact that the sector has remained in a positive territory, dark clouds of political indecision are still affecting and impeding greater business activity.”
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
Intel Corp. (INTC.O) announced on Monday that Chief Engineering Officer Murthy Renduchintala would leave the company on August 3. The semiconductor manufacturing company said that it would reorganize its technology, systems architecture, and ...
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
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